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Crude Oil Uptrend Has Reached Critical Resistance

Discussion in 'Technical Analysis' started by Kaitlin, May 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    This week has seen a renewed upsurge for crude oil prices sparked by several unexpected events and news that have helped alleviate ongoing oversupply concerns, at least temporarily. Factors contributing to this rise included: wildfires in Canada that have dramatically disrupted Canadian oil production, a report by the US Energy[​IMG]

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